A subscriber of unpaid shares that are not delinquent has all rights except which?

A subscriber of unpaid shares that are not delinquent typically retains several rights associated with their shareholding, but one key right they do not have is the right to a stock certificate. The rationale behind this is that a stock certificate represents ownership in shares that have been fully paid for. Since the shares in question are unpaid, the subscriber cannot claim ownership rights, including the physical evidence of shares in the form of a certificate.

In contrast, the right to vote, the right to inspect corporate books, and the right to dividends may still be present under certain conditions, even for unpaid shares that are not delinquent. Voting rights may be attached to the shares depending on the corporation's bylaws, inspection rights typically apply to all shareholders regardless of payment status, and entitlement to dividends may depend on the timing of when dividends are declared in relation to the status of payment on those shares. However, without payment, a stock certificate cannot be issued, as it signifies complete ownership and investment in the company.